Just because you shout does not mean YOU ARE RIGHT. No one is denying that people are paying the amounts which we see on the trading screens. If you want to define value as what people are paying right now well then by definition you have made yourself right.
The thread Why Bitcoin has Value wouldn't have been opened if the definition was as you state. One line would have provided the answer. Instead fpalb helpfully gave a very comprehensive and very long reply to the topic's question.
Fella I know you are red hot on the football bets but WADR fpalb leaves you (and the rest of us for that matter) for dead when it comes to bitcoin. You think the answer to the question is a one liner, I'll go along with fpalb's much more comprehensive answer.
But Duke I am 100% right , if you gave me 1 Bitcoin now I could sell it for 14,000 and lodge 14,000 into my bank account , so was the Bitcoin worthless or was it worth something?
I never claimed to be an expert on Bitcoin or red hot at gambling , I shout out of frustration that Brendan constantly says Bitcoin is worthless.
If he said Bitcoin will be worthless that is different but no matter what anyone on askaboutmoney says it doesn't change the fact that as of now as I type this Bitcoin is not worthless if I have Bitcoin in my possession I can exchange it for actually currency and then use that currency to buy something , so as I type this nothing else matters , thats my frustration we can argue about the future value all day long but Brendan's comments are made in the present tense and are factually incorrect .
I don't have to know every micro detail of Bitcoin or read up on nodes or
fpalb's excellent comprehensive answer to tell you the market values Bitcoin at 14,000. That is its value now.
I bought 5k worth of Foreign and Colonial shares the other day , I once looked the amount of companies they have invested in its thousands , I don't care what they are invested in really , I believe in letting the markets value themselves , someone could write a big long post on why I shouldn't invest or why I should invest in F&C I don't really care there will be counter arguments on each side but eventually the market will put a value on it. I am sure there are 1000's of experts like
fpalb on each side of Bitcoin but it means nothing , the market has agreed on its value and debates are pointless.